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Armageddon

Brett Tubbs - June 22, 2018

Happy Friday!

It was supposed to lead to “the end of the world.” (Yes, Nancy Pelosi predicted “Armageddon.”) But on the 6th month anniversary of President Trump signing the Tax Cuts and Jobs Act into law:

And don’t forget about all of the crumbs in West Virginia:

Warwood Tool(Wheeling, West Virginia) – Creating a new line of products:

Panhandle Cleaning and Restoration (Wheeling, West Virginia) – Purchasing new trucks and equipment:

Eagle Manufacturing (Wellsburg, West Virginia) – Creating new jobs and purchasing new equipment:

Doss Enterprises (Jane Lew, West Virginia) – Hiring new employees and purchasing new equipment:

Davis Trust Company (Elkins, West Virginia) - 3% across the board pay raises (on top of existing compensation structure.)

Appalachian Power Co. (Milton, West Virginia) – the utility will pass along tax reform savings to customers.

U-Haul (81 locations in West Virginia) – $1,200 bonuses for full-time employees, $500 for part-time employees.

Citizens Bank of West Virginia (Elkins, West Virginia) -- $1,000 bonuses for all 66 employees:

Walmart – West Virginians employed at 43 Walmart stores received tax reform bonuses, wage increases, and expanded maternity and parental leave. Walmart employees who adopt children will be given $5,000 to help cover expenses.

AT&T -- $1,000 bonuses to 880 West Virginia employees; Nationwide, $1 billion increase in capital expenditures:

Home Depot - Six locations in West Virginia, bonuses for all hourly employees, up to $1,000.

Lowe's -- 2,000 employees at 18 stores in West Virginia. Employees will receive bonuses of up to $1,000 based on length of service; expanded benefits and maternity/paternal leave; $5,000 of adoption assistance. 

Ryder (Three locations in West Virginia) -- Tax reform bonuses for employees.

Starbucks Coffee Company (25 locations in West Virginia) – $500 stock grants for all retail employees, $2,000 stock grants for store managers, and varying plan and support center employee stock grants.

T.J. Maxx – Four stores in West Virginia – Tax reform bonuses, retirement plan contributions, parental leave, enhanced vacation benefits, and increased charitable donations:

Cintas (Multiple locations in West Virginia) -- $1,000 bonuses for employees of at least a year, $500 for employees of less than a year.

Chipotle Mexican Grill (Multiple locations in West Virginia) - Bonuses ranging from $250 to $1,000; increased employee benefits; nationally, $50 million investment in existing restaurants. 

Comcast (Multiple locations in West Virginia) -- $1,000 bonuses; nationally, at least $50 billion investment in infrastructure in next five years.

FedEx (Multiple locations in West Virginia) – Accelerated and increased compensation; pension plan contributions:

McDonald’s (101 locations in West Virginia) – Increased tuition investments which will provide educational program access for 400,000 U.S. employees. $2,500 per year (up from $700) for crew working 15 hours a week, $3,000 (up from $1,050) for managers, and more:

 

Source: Americans for Tax Reform

 

Are we dead yet?


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